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Trade Desk, Inc.
Nasdaq · CIK 1671933
Last close11.95
Daily change-0.15 (-1.24%)
10 Years gain+352.99%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
TTD · STANDARD
SIC 7370 · Services-Computer Programming, Data Processing, Etc. · Fiscal year end 1231
Fundamental
81.5Momentum
66.9Acceleration
66.2Confidence
91.0Annual Revenue12
Quarterly Revenue33
Annual CFO10
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth22.7 / 25
Quality14.5 / 25
Capital Efficiency16.2 / 20
Balance Sheet15.0 / 15
Shareholder Economics9.0 / 10
Forward Indicators0.0 / 5
Signals
Operating leverageOperating margin improved by 3.3846 percentage points.
ROIC expansionROIC improved by 3.0357 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Share count reductionDiluted share count declined 6.5606%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
Gross margin compression · MEDIUMGross margin compressed by 3.2727 percentage points.
Key Metrics
Revenue Growth TTM22.31%OK
Revenue CAGR 3Y22.44%OK
Gross Margin76.05%OK
Operating Margin15.73%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC18.22%OK
Incremental Operating Margin 3Y20.4%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y-6.56%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $2.90B | $2.28B | $589.32M | $992.72M | $795.71M | 78.63% | 20.35% | 27.47% | 35.91% | 493.55M |
| 2025 FY Dec 31, 2024 | $2.44B | $1.97B | $427.17M | $739.46M | $641.22M | 80.69% | 17.47% | 26.23% | 36.54% | 501.92M |
| 2025 FY Dec 31, 2023 | $1.95B | $1.58B | $200.48M | $598.32M | $551.53M | 81.21% | 10.3% | 28.34% | 18.43% | 500.18M |
| 2024 FY Dec 31, 2022 | $1.58B | $1.30B | $113.65M | $548.73M | $464.57M | 82.18% | 7.2% | 29.44% | 11.94% | 499.93M |
| 2023 FY Dec 31, 2021 | $1.20B | $974.91M | $124.82M | $378.51M | $323.71M | 81.48% | 10.43% | 27.06% | 22.71% | 498.54M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $2.84B | sum latest 4 fiscal quarters Revenue | OK | 0001671933-26-000086, 0001671933-25-000144 |
| Revenue Growth TTM | 22.31% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001671933-26-000086, 0001671933-25-000144 |
| Revenue CAGR 3Y | 22.44% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001671933-26-000014 |
| Revenue CAGR 5Y | 28.21% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001671933-26-000014 |
| Gross Profit CAGR 3Y | 20.65% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001671933-26-000014 |
| Operating Income Growth | 55.85% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001671933-26-000086, 0001671933-25-000144 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 76.05% | Gross Profit / Revenue | OK | 0001671933-26-000086, 0001671933-25-000144 |
| Operating Margin | 15.73% | Operating Income / Revenue | OK | 0001671933-26-000086, 0001671933-25-000144 |
| ROIC | 18.22% | NOPAT / Average Invested Capital | OK | 0001671933-26-000086, 0001671933-25-000144 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001671933-26-000086 |
| Current Ratio | 1.72x | Current Assets / Current Liabilities | OK | derived |
| Revenue per Diluted Share | $6.04 | Revenue / Diluted Shares | OK | 0001671933-26-000086, 0001671933-25-000144 |
| SBC / FCF | n/a | SBC / FCF | NOT_MEANINGFUL | derived |